News

26Nov-20

Container shortage crisis spreads to intra-Asia trades, driving prices higher

What a major shipping line called the “black swan” container shortage has hit intra-Asia trades as carriers prioritise transpacific profits. With some 30m teu carried each year, the intra-Asia tradelane is the largest in the world, comprising around 100 port pairs. Costs have traditionally been kept in check, there’s been less carrier consolidation than on deepsea trades, with major regional players competing for cargo. However, these previously low-cost shipping routes are now seeing large freight rate increases and carrier surcharges. “Intra-Asia rates have [...]

26Aug-20

Phuc Loi Import-Export Trading Co., Ltd is one of the”Prestigious Export Enterprises” in 2019

  In the implementation of Official Dispatch No. 1776 / BCT-XNK, the Ministry of Industry and Trade has coordinated with ministries, branches, commodity associations, provincial / municipal Services of Industry and Trade and relevant agencies to select and synthesize and post the list of preliminary “reputable exporters” in 2019 on the web portal of the Ministry of Industry and Trade to consult the public. The list of reputable exporters has been compiled and announced on the basis of selection and recommendation [...]

14Sep-19

Phuc Loi Import-Export Trading Co., Ltd is honored to be one of the “ Prestigious export Enterprises” during from 2010 to 2018.

As the latest announcement from The Ministry of Industry and Trade, In implementation of Official Letter No. 2580 / BCT-XNK, Phuc Loi Import-Export Trading Co., Ltd is honored to be one of the “ Prestigious export Enterprises” in 2018. We honored got this award during from 2010 up to now. For more exactly information, please access into the official website of The Ministry of Industry and Trade following the link https://moit.gov.vn/web/guest/tin-chi-tiet/-/chi-tiet/bo-cong-thuong-phe-duyet-danh-sach-doanh-nghiep-xuat-khau-uy-tin-nam-2018-16453-15.html

11Sep-19

Phuc Loi Import-Export Trading Co., Ltd is one of the”Prestigious Export Enterprises” in 2018

  In implementation of Official Letter No. 2580 / BCT-XNK, the Ministry of Industry and Trade has collaborated with other ministries, sectors, industry associations, provincial-level Industry and Trade Departments and relevant agencies to select and synthesize. and post the preliminary list of “Prestigious export enterprises” in 2018 on the website of the Ministry of Industry and Trade to consult public opinion. The list of reputable exporters is aggregated and published on the basis of selection and proposals of relevant agencies, and [...]

2Aug-19

Area of Vietnam pepper increased by nearly 200%

In the morning of July 17, the Ministry of Agriculture and Rural Development organized a workshop on proposing projects to support the development of cashew, pepper and fruit trees in Vietnam.   At the conference, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said that the two sectors of rice and coffee were supported by the VNSAT project funded by the World Bank. The remaining three branches of cashew, pepper and fruit trees are also important sectors of our [...]

12Jul-19

Cajuput tree trellises used to grow pepper

KIÊN GIANG — Farmers in Kiên Giang Province’s Gò Quao District are using environmentally-friendly cajuput trees as trellises instead of concrete or wooden pillars to grow pepper plants. Most of the Cửu Long (Mekong) Delta district’s 250ha of pepper are using cajuput trees, saving costs for farmers. Nguyễn Anh Vũ, who has planted pepper with the trees in Gò Quao’s Vĩnh Hòa Hưng Bắc Commune for 14 years, said widespread use of the trees began in 2000. Many farmers are also growing pepper [...]

28Jun-19

Vietnam Pepper Association not hopeful of global price recovery

HCM City (VNS/VNA) – With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Vietnam Pepper Association. Speaking at a seminar on Vietnam Pepper Crop 2018 – Orientation and Action Plan in 2019 held in Ho Chi Minh City on May 10, Nguyen Nam Hai, chairman of the association, said Vietnam exported over 235,800 tonnes of the spice worth nearly 775 million USD last year, a year-on-year increase of 9.7 percent [...]

26Apr-19

Pepper output to reach 200,000 tonnes this year

HÀ NỘI — Việt Nam’s pepper output this year would reach around 200,000 tonnes, according to the International Pepper Community (IPC). Output of black pepper was forecast at 175,000 tonnes, while the remainder would be white pepper. The IPC also predicted the pepper output of the world’s biggest exporters such as Việt Nam, Brazil, Indonesia and India in 2019 would be lower than last year. The Import-Export Department under the Vietnamese Ministry of Industry and Trade said up to 95 per cent [...]

26Apr-19

Export price of Vietnamese pepper down 62 per cent

HÀ NỘI — The average export price of Vietnamese pepper fell by 62 per cent year-on-year in the first eight months of 2018 to around US$3,330 per tonne following a dip in the global market, according to the Ministry of Agriculture and Rural Development. The ministry forecast the export price of Vietnamese pepper as well as global pepper prices were unlikely to recover this year due to low demand and upcoming harvests in major pepper producing countries such as Indonesia, [...]

26Apr-19

Ministry finds no proof of alleged pepper price scam

HÀ NỘI — The Ministry of Industry and Trade (MoIT) has not found evidene supporting accusations by the Việt Nam’s Pepper Association (VPA) of price manipulation by foreign traders in the pepper market. VPA claimed on its website that domestic pepper prices had been fluctuating abnormally since late July due to price manipulation by Chinese traders. VPA said its members reported that Chinese traders ordered large quantities of pepper from domestic exporters, pushing them to deliver as soon as possible, which created the [...]